The AMZN Token will serve
as a
medium of exchange on any Amazon platform, while also unlocking additional utility (
benefits) that fiat currency can not.
The Monetary Authority
of Singapore (MAS) sees the difference between digital tokens, which it regards
as a «cryptographically - secured representation
of a token - holder's rights to receive a
benefit or to perform specified functions,» and virtual currency, which the regulator describes
as «one particular type
of digital token, which typically functions
as a
medium of exchange, a unit
of account or a store
of value.»